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Real Property Report – California, March 2015

Real Property Report – California, March 2015 California Home Sales Not Drying Up March Sales Jump 33.1 Percent From February, Median Price Gains 4.8 Percent March 2015 California single-family home and condominium sales were 31,989, a 33.1 percent jump from 24,031 in February, the biggest March increase in three years. Driving the increase in sales was the 36.7 percent increase in non-distressed property sales for the month. Non-distressed property sales in March represented 82.8 percent of total sales, up from 79.7 percent a year earlier and a low of 24.3 percent in January 2009. On a year-over-year basis, sales were up 8.8...

The post Real Property Report – California, March 2015 appeared first on PropertyRadar - previously ForeclosureRadar.

Real Estate Investing Strategy

Traditional real estate investing is mainly about buying low and selling high, and making a profit from that difference. But nowadays it needs real estate investing strategies with in depth knowledge, proper planning and of course the right strategy to make the venture successful.

Real estate investing strategy ensures that moneymaking investment opportunities are both identified and acted upon in a timely manner to aid the investors needs. Innovative real estate investing strategies ensure capital budgeting by using state of the art investment analysis, which includes the future flow of earning, it will generate, and the adjustments of the associated risks.

Real estate investing in the past was once kept for larger financial institutions or wealthy entrepreneurs. But things have changed dramatically in the real estate business. Real estate investing has become a normal way for the investors of all levels to increase wealth and control large amounts of investment property with little cash expenditure.

Different real estate investing strategies are being made to control large amounts of investment property with only a small down payment. There are several real estate investment strategies depending on the investors investment preferences and risk tolerance.

Various types of real estate investing strategies include:

Private Lender Real Estate Investing Strategy: The private lender strategy is perfect for those who have traditionally invested in bonds and banks and want to earn a higher return. A private lender can earn a fixed return of 10% to 25% in up to 36 months or invest in rehabilitation opportunity, foreclosures and buy and hold projects or receive monthly interest payments directly to the bank account.

Preconstruction Syndication Real Estate Investing Strategy: Preconstruction syndication is an ideal way to maximize the potential profits and effectively manage risk. This innovative strategy lets the investor purchase preconstruction contracts from developers under preferential terms.

Preconstruction Purchase Real Estate Investing Strategy: Preconstruction purchase strategy allows the investors to identify opportunities as a group and purchase individually. The investors are individually responsible for the possible purchase and sale of their properties. As a preconstruction purchaser, the investor can earn some of the highest returns.

Article Source: http://www.articlesnatch.com

About the Author:
Brad Wozny is a real estate investing expert. Let Brad show you how to connect with eager real estate investor buyers & sellers of investment properties. Access private money & creative lending resources. Claim your FREE Strategic Investment Manifesto and Download your 2 FREE real estate investing mp3 case studies.

Read more: http://www.articlesnatch.com/Article/Real-Estate-Investing-Strategy/338077#ixzz10UHxyM7A
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Real Estate Tax Breaks For Your Home

It is always beneficial during tax season to own real estate, which gives you many annual deductions. If you purchased residential real estate during this year, however, you can look forward to even more generous savings at tax time.

Mortgage Interest
Though there are several real estate deductions you will be able to take this tax year, the largest is the interest you paid on your mortgage. According to Kiplinger’s (August 31, 2006), you may write off up to $1 million in mortgage interest for your primary or secondary home (does not apply to third home real estate, unless it is a business or rental property). This can be an enormous tax savings, especially within the first years of ownership with most of your monthly payments going to interest.

Property Taxes
Each year, you may deduct the property taxes you paid. If you recently purchased your home real estate, you also may deduct any taxes the seller paid in advance that were applied to your property tax debt. This applies even if you did not reimburse the seller for these real estate taxes.

Points Paid for Mortgage
Even if the seller paid your points, you may deduct them on your tax return within the year of purchase of the real estate. Each point is worth one percent of the real estate mortgage. For a loan principal of $250,000, you may deduct $2,500 for each point. For a loan face value of $500,000, you may deduct $5,000 per point.

If you refinanced your real estate, you also may deduct these points paid. However, the deduction must be spread over the life of the loan. If you sell the real estate or pay off the loan early, then the remaining deduction may be taken within the year of sale or loan payoff.

Home Equity Debt
You are allowed to deduct up to $100,000 of home equity debt each year, regardless for what you used the money. This makes home equity loans low-interest alternatives for purchasing cars, paying student tuition, underwriting your dream vacation, and so on.

Home Business Use Deductions
If you run a business out of your home or use the real estate for business purposes, such as rental property, you have many deductions for the use of this space. For home offices, the percentage of space you actually use may incur the same percentage in deductions for mortgage payments, utilities and home insurance. Improvements made to accommodate the business, such as bringing the real estate up to standard as rental property or installing a private bathroom when renting out a room, may qualify for a deduction against your profits.

Property Damage
If you incurred uninsured real estate damage due to a qualifying disaster (especially within a presidential declared disaster area), you may qualify for a tax deduction. There are limitations, however, and the deduction generally must be taken within the year the disaster occurred.

What You Cannot Deduct
If you recently purchased or sold real estate, you incurred many costs but not all may be deducted from your taxes. Examples of nondeductible expenses are closing costs, major home improvements to attain a higher sales price, title insurance, appraisal and inspection fees, or attorney fees.

Don’t forget, deductions that lower your federal tax debt also decrease your state tax obligation! As with all financial advice, always check with a qualified accounting professional.

Article Source: http://www.articlesnatch.com

About the Author:John Harris is an expert researcher and writer on real estate topics such as economics, credit improvement tips, home selling advice and home buying preparations. For more on San Diego Homes for Sale visit http://www.twtrealestate.com

Read more: http://www.articlesnatch.com/Article/Real-Estate-Tax-Breaks-For-Your-Home/101807#ixzz10UDVIg6S
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Our Most Popular Questions About Real Estate Syndication

· Should a syndicator invest money in his or her own deal?

Absolutely. It is imperative that the syndicator put some “skin in the game.” Some proponents indicate 10 percent is the right amount of the total capital; others go as high as 20 percent. I don’t believe that the amount is nearly as important as the demonstration of your good faith and your belief in the deal. You have to put in enough that if something goes wrong, it will be painful to you just like it is to the investors.

· Do you have to pick out the exact property that you want to syndicate before you syndicate it?

Specifically, you don’t have to pick the exact property that you plan to acquire before you begin the syndication process. In fact, sometimes it’s very difficult to pick out the exact property, because by the time you pick out the property you don’t have enough time to begin the syndication and securities process. If you do have the right property chosen beforehand, then you can describe that property in great detail in your private placement memorandum materials. However, you can also create a blind tool that helps you to retain flexibility, as long as you can describe the nature of the types of investments that you are looking to acquire. It’s a lot more complicated to create a blind tool because you are not given particulars, but a good attorney can help you to make that happen and allow you to provide the specific information to make your deal come to life.

· What qualifications do investors have to meet in order to participate in my syndication?

The goal is to create relationships with accredited investors. These are people who have a minimum net worth of $1M, or they have made a minimum of approximately $200,000 in annual salary for the last two years with the expectation that they will make a similar amount this year. If there is a spouse involved, the numbers are just a little big higher. If you take people who are not accredited, then the disclosure requirements are much more onerous. Accredited investors are people who are deemed by the government to be people who can protect themselves because they have the money to call an attorney and ask for help. Non-accredited investors, who have less money, are not considered people who can protect themselves and therefore you have to meet a much higher standard as prescribed by the Securities and Exchange Commission.

· How do I begin to use other people’s money?

First, if you want to use other people’s money, you need to step up and own up to the dramatic responsibilities that using other people’s money demands. Using other people’s money creates a responsibility that very few people are aware of in advance. It also creates dramatic conflicts of interest because there will be many times that the promoter’s self-interest is at odds with the investors’ capital contributions. The syndicator must, at all times, balance his or her own greed and need against what’s in the best interest of the investors. Remember that if the goal is to build a pool of fans and to have a long-run success in the syndication business, then the syndicator must make decisions that are in the long-run best interest of the individual investors. Sometimes that means post poning or deferring confrontation that would otherwise be due. Raising money is clearly the hard part, not only because it’s difficult to get investors to say yes, but also because it’s difficult to manage the conflicts that are inherent in this relationship. If you want to succeed at this, there are several specific approaches that we teach all of the people that we show how to raise money.

· How do you find and get your deal in front of accredited investors, especially for your first deal?

The most important component for any investor is confidence in the syndicator that they are placing their capital with. Part of the reason that it’s important to have background in either real estate or capital, is because with that background comes experience, and you can leverage that experience into a confidence-building discussion with your prospective investors. There are billions of individuals who have capital and are looking to place that capital into deals if the deal is a good one. First, they have to have confidence in you, second, they have to have confidence in the deal, and that’s the reason that your real estate expertise is so critical in this formula. There’s no shortage of capital from individual accredited investors, as well as from the hedge funds on Wall Street that pool billions and billions of dollars and are ready to make investments in deals.

Joel began his career as a CPA with the prestigious firm of Price Waterhouse. During his time with the company’s Entrepreneurial Services Group, Joel immersed himself in the real estate syndication business. After reviewing hundreds of partnership agreements and preparing as many tax returns, he left Price Waterhouse in 1986 to start his own syndication firm, raising several million dollars in three short years. By 1990, Joel had built a property management firm of more than 40 employees with a portfolio exceeding $100 million. Joel continues to syndicate real estate and other assets, as well as counseling other promoters on successful syndication strategies. He is also involved in film financing and invests in early stage companies and other deals. For more information about Joel Block and his upcoming seminar, visit his site at http://syndicatefast.com/

Author: Joel G. Block
Article Source: EzineArticles.com
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Art Of Real Estate Flipping Houses And Foreclosure

Real estate business is cyclical with ups and downs. It is hard to predict the happenings in real estate unless you have a fine prior knowledge of how it works.

Real estate means buying and selling of properties with varying amount of profits. To make a real good profit in this business one should know the pros and cons. For obtaining knowledge of real estate business, there is real estate education in USA and abroad giving various models of education. These programs are necessary for finding success in the field as you will know to update the current happenings and the market and logic accordingly. The models here include from MBA (Masters of Business Administration) to MSc (Master of Science) in real estate/development.

If you are already in the field or an agent or want to be in the real estate field, then real estate videos are of big help. Real estate videos provide video home tour for commercial and residential listings of real estate. They have the video spotlights, resort and hotel video providing for real estate agents whether commercial or residential. These videos act as knowledge base allowing viewers to watch full motion video tour of your business or property. Videos also help in knowing what and how of the industry and you can assess your position quiet better in the competition. Therefore to grow as a professional businessman real estate education and real estate videos can put you in right track.

Flipping house and foreclosure are very common terms in real estate once you understand the business which play major role that put you in profit or loss. Flipping house is the art of buying foreclosed homes or the property at cheaper rates and selling when there is good market for making profits. When an individual is in financial distress and has no other option left, will mortgage his property which can be his/her house. After mortgaging again he may not have the capacity to pay back the loan then the poor person will have to sell it to the mortgager. This requires lot of calculation of maintaining the financial situations and the value of the money put in buying by the agent.

Foreclosure is taking possession of a property mortgaged when mortgagor has failed to keep up mortgaged payments. Here the possession of the property will be legal through litigation process. Real estate agents make huge profits in such incidents of failed payments. Real estate business require lot of contacts and hardworking with good lot calculation of every pie. Real estate business is a hot favorite nowadays with ups and downs of one nations economy that has influence internationally in the globalized world.

It is hard to keep up in this business having real estate education, real estate videos, having fine knowledge of flipping house and foreclosure unless you have the real tactics of the game where logic plays. When the there was economic slowdown with many of the US banks going bankrupt real estate business saw its worst days. Wait and watch approach is not advisable all the time though it has its role to play.

Article Source: http://www.articlesnatch.com

About the Author:Lolita Sheriow is a Real Estate Investor and CEO of Harrtstone Management Inc. in Ft. Worth, TX. For a FREE 7 Secrets report on buying and selling Flipping houses using creative options in any market. For more details please visit losblog.net.

Read more: http://www.articlesnatch.com/Article/Art-Of-Real-Estate–Flipping-Houses-And-Foreclosure/1574013#ixzz10UAXf5XJ
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Los Angeles Rent Control That Will Affect You!

I got an email from AOA (Apartment Owners Association)

Your support is needed tomorrow, Wednesday, September 29th, at 7:30 A.M.in Room 350 at Los Angeles City Hall, 200 N. Spring Street, Los Angeles.

The Los Angeles Housing Committee will be considering major changes in the rent control law. You can imagine what that means.  I’ve never seen a vote during the past 30 years regarding “tenant welfare” that made the law favorable for the apartment industry! Please be there to represent our industry.  I assure you the tenants will be out in force with their hands in the pockets of owners who provide housing in Los Angeles.

Remember, what happens in L.A. does not stay in L.A. It spreads into all the other cities in the state. It’s like a cancer and it’s almost as deadly, economically, to the housing industry. I suggest you be there early to get a seat.

I dug up the Report on Amendments, not good at all
http://clkrep.lacity.org/onlinedocs/2010/10-0613-S1_RPT_LAHD_09-01-10.pdf

Roadmap For Commercial Real Estate Syndication

One of the most important requirements for purchasing commercial property is having enough down payment money, called equity, to complete the transaction. A very popular method of raising these funds when you dont have it yourself is by forming a group of people who pool enough capital to let you close the transaction. They get a portion of the income and appreciation for their funds, you get the rest for finding, analyzing, purchasing, and managing the property.

When you decide to take the step to form groups of investors through the process called syndication, you run into a situation where the law may require you take on a specific duty to fully inform your co-investors of all aspects of the property and the investment. Most people getting involved in group investments are usually under-informed or inexperienced with regard to the following group-investment concepts:

The legal aspects of the co-ownership of real estate.

Factors that affect the value of commercial real estate.

The process and responsibilities involved in commercial property management.

The fair compensation to the group manager or syndicator, who later becomes the property manager.

When you take on the role of syndicator, you actually create an agency duty to your co-investors. You have a higher responsibility to disclose all of the aspects that can affect a particular commercial property investment, both good and bad. So when you form a group for investment, its very helpful to have checklist for all of the things you need to do so that you meet your responsibilities to your partners. Part of that check list includes:

1.Researching the available commercial rental property in a particular neighborhood and choosing one to purchase.

2.Preparing a preliminary analysis of the investment. This would include its operating history, status of title, proximity to any environmental or natural hazards, the neighborhood, the local and national economies, and finally, the physical condition of the property.

3.Next, you have to get control of the property in your name with the ability to assign it to a successor entity through a purchase contract or option.

4.Once you gain control, escrow needs to be opened with your name as the purchaser, not that of the entity! Youll assign your purchase rights to the entity before you close.

5.Then you complete an analysis of the income and expenses, and confirm the Sellers disclosures regarding the condition of the property, including its improvements, location, title, and operations.

6.Youll also apply for new debt financing (or assume the existing), depending upon what you indicated in the purchase contract. This obviously wont apply if youre buying your commercial building all cash!

7.At this point in the process, you will want to review your plans for forming and operating your ownership entity (most likely a Limited Liability Company) with experienced accounting and legal advisors. Getting this part correct at the outset will save you major of headaches in the future.

8.Now you get really busy. Youll prepare the investment circular, subscription agreement, Articles of Organization and Operating Agreement for the LLC, pertinent exhibits, and addenda. The syndicator (you) is named as the Manager of the LLC in these documents.

9.You now can use the investment circular to solicit investors to fund your purchase, through the LLC.

10.Once youve chosen your investors (there will be a whole article devoted to this subject), you need to get their signatures on the Subscription Agreement and the Operating Agreement of the LLC. Youll also want to deliver their funds to escrow for the close.

That takes you up to completing the purchase. As you can see, theres quite a bit for a sydicator to do just to get the property purchased. We still have to detail the on-going operation of the property. Ill complete your roadmap in the next article and then we can move on to the individual steps in greater detail.

Article Source: http://www.articlesnatch.com

About the Author:
WANT TO USE THIS ARTICLE IN YOUR E-ZINE OR WEB SITE? You can, as long as you include this complete statement with it: “”The Investment Property Insider” is published by Craig S. Higdon, a veteran commercial mortgage banker. He publishes the e-zine and blog, www.InvestmentPropertyInsider.com, for commercial real estate investors, developers, and industry professionals. Visit the blog and get this free report: “The 7 Biggest Loan Mistakes Real Estate Investors Make And How To Avoid Them.” “‘

Read more: http://www.articlesnatch.com/Article/A-Roadmap-For-Commercial-Real-Estate-Syndication–Part-1/667189#ixzz10UJGY7mP
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Real Property Report – California, February 2015

Real Property Report – California, February 2015 February Sales Up 3.3 Percent From January Median Price Gains 1.6 Percent   February 2015 California single-family home and condominium sales were 23,404, up 3.3 percent from 22,659 in January, the largest February increase since 2012. On a year-over-year basis, sales were down 2.4 percent. Regionally, February sales were up 2.0 percent across the nine Bay Area counties, 4.7 percent in Southern California, and 9.5 percent in Central California. “Home sales picked up in February,” said Madeline Schnapp, Director of Economic Research for PropertyRadar. “The acceleration is likely due to the mild winter weather...

The post Real Property Report – California, February 2015 appeared first on PropertyRadar - previously ForeclosureRadar.

Real Estate Syndication – Becoming a Promoter

Question What’s the best kind of partner for me?

Answer The best kind of partner is someone who has opposite or complementary types of skills. For example, if you are an expert in the real estate market and you don’t have great capital-raising skills, then you should absolutely find some one who has strengths where you have weakness es. If you have great skills in real estate, find someone who can raise capital. If you have great skills in capital, find someone who can find the deals in the real estate market; find someone who is in that market, in the trenches every single day. You also might think about taking people as partners who can handle property management and other types of maintenance functions.

Question In an LLC, does the manager have limited liability?

Answer Theoretically, the manager does have limited liability, but the best way to protect yourself is, first of all, to always act in good faith. That means using the operating agreement to specify the duties of the manager and the members. Always use a “hold harmless” clause and indemnification clauses, which are good for all circumstances, except for fraud, crimes and activities that are against public policy. Additionally, it’s not a bad idea to employ some insurance to protect yourself even further.

Question Where do we get joint venture or syndication agreements?

Answer Syndication agreements fall generally into two broad categories. First are the corporate documents that govern the partnership and the partners’ relationships with each other. If the entity chosen is a limited liability corporation or LLC, then an operating agreement would be drawn up that defines the relationships between the parties and describes the relationship the promoter has with the investors and the relationship the investors have with both the promoter and each other. The second category of documents that are required are the securities documents. The LLC documents can be drawn up by any attorney, provided that he or she has experience in this area. However, the documents that are required for the private placement memorandum are much more complicated. The creation of a syndication and accepting investments from passive investors automatically creates a security interest in the property. This means that the Securities and Exchange Commission has the right to put their hands all over your deal and inspect it at any time. So be very careful to have both of these documents drawn up in tandem. They need to be drawn up by the right kind of attorneys who have proper experience in this area, and who have proper training as well. Participants in the successful real estate syndication seminar will receive sample agreements of both types.

Question Have you always made money on your deals?

Answer No one has always made money on all of their deals. If you’re in the marketplace and you’re doing deals, some times things go wrong. Be up front about it; be candid. Everybody respects that things go wrong. As long as things go right more than they go wrong, people will like you and they’ll follow you. Also, and maybe most importantly, be a good communicator about problems – like you are about successes.

Joel began his career as a CPA with the prestigious firm of Price Waterhouse. During his time with the company’s Entrepreneurial Services Group, Joel immersed himself in the real estate syndication business. After reviewing hundreds of partnership agreements and preparing as many tax returns, he left Price Waterhouse in 1986 to start his own syndication firm, raising several million dollars in three short years. By 1990, Joel had built a property management firm of more than 40 employees with a portfolio exceeding $100 million. Joel continues to syndicate real estate and other assets, as well as counseling other promoters on successful syndication strategies. He is also involved in film financing and invests in early stage companies and other deals. For more information about Joel Block and his upcoming seminar, visit his site at http://syndicatefast.com/

Author: Joel G. Block
Article Source: EzineArticles.com
Canada duty

Real Property Report – California, January 2015

Normal Seasonal Forces Push California Real Estate Sales Lower January Sales Down 23.4 Percent from December Median Price Falls 2.6 Percent January 2015 California single-family home and condominium sales fell 23.4 percent to 22,850 from 29,821 in December 2014. On a year-over-year basis, sales were down 6.1 percent. Regionally, year-over-year sales were down 8.4 percent across the nine Bay Area counties, 4.1 percent in Southern California, and 10.1 percent in Central California. “Seasonal forces typically depress January sales,” said Madeline Schnapp, Director of Economic Research for PropertyRadar. “Still, January 2015 sales are the lowest January sales since 2008, despite near...

The post Real Property Report – California, January 2015 appeared first on PropertyRadar - previously ForeclosureRadar.

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